A closely followed crypto analyst is predicting that Bitcoin (BTC) is on the verge of printing new all-time highs.
Analyst and trader Kevin Svenson tells his 161,300 followers on the social media platform X that Bitcoin may explode to new record high levels based on breakout patterns since April.
“Bitcoin breakout (four-hour). Now that we’ve broken out of the consolidation, we have an official measured move target. Target: $115,000.”
However, Svenson tells his 82,800 YouTube subscribers that for Bitcoin’s upward momentum to continue, the S&P 500 (SPX) needs to remain bullish based on BTC’s historic correlation with stocks.
“Bitcoin, in my opinion, looks really, really good, even with the…
